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When a company's income statement includes discontinued operations, the company should report per share information on:


Net Income Income from Continuing Operations Gain on sale of machinery

a. Yes No No
b. Yes Yes No
c. Yes No Yes
d. Yes Yes Yes

a. Option D
b. Option B
c. Option A
d. Option C

Respuesta :

Answer:

b. Option B

Explanation:

In the income statement of the company, the company involved the net income per share , income from continuing operations but it does not record the profit on sale of machinery per share

So as per the given options, the option B is correct as the net income and the continuing operations income is involved but the third one is not involved i.e.  profit on sale of machinery per share

Therefore all the other options are incorrect

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